Netflix, Inc. (NASDAQ:NFLX) had its price target upped by equities research analysts at Morgan Stanley from $210.00 to $225.00 in a research report issued on Wednesday. The brokerage presently has an “overweight” rating on the Internet television network’s stock. Morgan Stanley’s price objective points to a potential upside of 15.34% from the company’s previous close.
A number of other analysts have also commented on the stock. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $205.00 price objective (up previously from $165.00) on shares of Netflix in a research report on Tuesday, July 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $190.00 price objective on shares of Netflix in a research report on Thursday, July 13th. Vetr raised shares of Netflix from a “strong sell” rating to a “sell” rating and set a $177.49 price objective on the stock in a research report on Tuesday, September 19th. MKM Partners boosted their price objective on shares of Netflix from $195.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $200.00 price objective (up previously from $175.00) on shares of Netflix in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $187.79.
Netflix (NFLX) traded down 0.05% during midday trading on Wednesday, reaching $194.98. 1,197,472 shares of the company’s stock were exchanged. Netflix has a 1-year low of $97.63 and a 1-year high of $199.40. The stock has a market cap of $84.18 billion, a P/E ratio of 237.78 and a beta of 1.09. The firm’s 50-day moving average is $180.46 and its 200 day moving average is $164.75.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The firm’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. Equities analysts anticipate that Netflix will post $1.18 earnings per share for the current fiscal year.
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In other news, Director Leslie J. Kilgore sold 903 shares of Netflix stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $194.00, for a total transaction of $175,182.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Friedland sold 2,496 shares of Netflix stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $182.17, for a total value of $454,696.32. Following the sale, the insider now owns 1,232 shares in the company, valued at $224,433.44. The disclosure for this sale can be found here. Insiders have sold a total of 316,067 shares of company stock worth $56,923,386 over the last ninety days. Insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of Netflix during the 2nd quarter worth $1,045,000. Calamos Advisors LLC raised its stake in shares of Netflix by 198.5% during the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after purchasing an additional 138,945 shares during the period. Alps Advisors Inc. bought a new stake in shares of Netflix during the 2nd quarter worth $262,000. Guardian Life Insurance Co. of America raised its stake in shares of Netflix by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock worth $245,000 after purchasing an additional 11 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Netflix by 2.0% during the 1st quarter. Teachers Advisors LLC now owns 1,300,531 shares of the Internet television network’s stock worth $192,231,000 after purchasing an additional 25,266 shares during the period. Institutional investors own 81.02% of the company’s stock.
Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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